Suburb Profile Report for Moree NSW (2400)

Moree House: Median price $208,750, Annual capital growth 3.15%, Number of sales 165, Weekly median advertised rent $280

Moree Unit: Median price $133,000, Annual capital growth -15.67%, Number of sales 11, Weekly median advertised rent $240

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Moree, 2400 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.15%.

Over the longer term, Moree has seen property prices show investors a -9.24% return over the last 3 years. This is an improvement over the last 12 months

Vendor discounting in Moree is giving property investors an average Vendor Discount of around -10.61%. This puts suburb at number 41th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 13.75 sales per month, which equates to 165 per year.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 3.15%, investors should hope to achieve an overall return of 6.97%

Property value increases in Moree have tracked lower than the NSW average of 8.63% over the last 12 months.

Taking the average capital gain, or increase in median house value, Moree,2400 has racked up an average of -16.88% over the period. This ranks it number 1724th in the whole country for real estate investors looking at median house price increases.

Moree, 2400’s gross rental yield is 9.38%

Metrics i HOUSE UNIT
$208,750 $133,000
-3.47% -13.64%
9.15% -16.88%
3.15% -15.67%
$280 $240
165 11
6.97% 9.38%
145.25 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 9346
Median household income ($/weekly) 1084
Median age of persons 36
Median housing loan repayment ($/monthly) 1324
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1272 13.6
    25-34 years 1224 13.1
    35-44 years 1295 13.9
    45-54 years 1227 13.1
    55-64 years 1030 11.0
    Others 3299 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 2702 45.2
    Not Married 2549 42.6
    Defacto Relationship 727 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7834 94.4
    Indonesia 47 0.6
    Papua New Guinea 68 0.8
    United Kingdom 86 1.0
    Other 66 0.8
    Others 196 2.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.3
    Christianity 7150 87.4
    Hinduism 43 0.5
    Other Religious Groups 16 0.2
    No Religion 918 11.2
    Others 24 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 289 10.3
    $600-$799 289 10.3
    $1,000-$1,249 284 10.2
    $1,250-$1,499 281 10.0
    $1,500-$1,999 332 11.9
    Others 1322 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2753 42.8
    Not in the labour force 2180 33.9
    Employed, worked part-time 989 15.4
    Unemployed, looking for work 270 4.2
    Employed, away from work 244 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 654 16.4
    Professionals 602 15.1
    Technicians & trades workers 545 13.7
    Clerical & administrative workers 570 14.3
    Labourers 424 10.6
    Others 1192 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 198 10.6
    Infants/Primary 776 41.5
    Secondary 514 27.5
    Technical or Further Educational Institution 210 11.2
    University or other Tertiary Institutions 135 7.2
    Others 36 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7122 88.3
    Flat, unit or apartment 575 7.1
    Semi-detached, row or terrace house, townhouse 294 3.6
    Caravan, cabin, houseboat 50 0.6
    House or flat attached to a shop, office 21 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1306 41.9
    Fully owned 903 29.0
    Being purchased 882 28.3
    Other tenure type 25 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals